SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Don't Blame Me, I Voted For Kerry
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CalculatedRisk who wrote (6451)3/11/2004 9:02:56 PM
From: MulhollandDriveRead Replies (1) of 81568
 
your "attempt" at relating "fairness" to the tax code quite misses the mark...

what's the matter CR, did reading the entire report prove a bit daunting for you?

it was hardly a glowing interpretation of the current tax system...

sounds like a lot of people aren't paying their "fair share" or perhaps much more "fair share" than others...

of course it goes on to delineate what is a central aspect of tax reform, leading to a rise in real incomes..."reducing the tax system's deleterious impact on incentives to work, save invest, and innovate" and how the current "progressive" system fails in that endeavor

do read the entire report

tau.ac.il

..... However, it comes with considerable compliance and economic costs. What is often not appreciated is the extent to which the targeting of these tax preferences subjects taxpayers with the same income to different effective tax rates (Box 5-2). Elimination and consolidation of tax preferences would help simplify the tax system and improve economic incentives.

Fairness: Relating Taxes to Ability to Pay and to Economic Well-Being

The income tax system should relate a taxpayer’s tax liability to his or her ability to pay and to his or her economic well-being. This is the rationale behind the current progressive rate structure, whereby tax rates rise with annual income, as well as behind many of the existing tax preferences.However, the link to ability to pay begins to weaken when taxpayers with the same level of income pay different amounts of tax, because of differences ineligibility for some tax preferences, or have different opportunities to avoid paying taxes......
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News